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37618 N 26th Street Cave Creek, AZ 85331

3 Beds 2 Baths 2,057 sqft Built 1999

$574,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $279.48
  • 2 Days on Market
  • MLS # : 6187663
  • Updated Date : 01/31/2021 at 01:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,057 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Nestled in Cave Creek, this 3 bed, 2 bath home sits on over an acre with 3 covered horse stalls, a pool and putting green. This split open floor plan has it all, spacious living room allowing you to entertain, formal dining with a cozy fireplace kitchen that was built for putting your culinary skills to the test. Gather around the large island, or work from home at the built-in desk overlooking the backyard. Owners suite is a great size with a large ensuite, dual sinks, oversized walk-in shower and closet. Step outside to paradise, you have a private putting green, RV parking, dog run, heated diving pool with waterslide, enjoy the mountains views from your luxurious in ground hot tub, and three covered horse stalls.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10452423

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$517,410$632,390$574,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,997
Property Tax -$368
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$701

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$574,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$333

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,830

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,002

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8303$1,8954$1,950
$1,950
RENT COMPS ANALYSIS
  • 37618 N 26th Street Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.89
    •  
  • 2049 E Carriage Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2014
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 1027 E Carlise Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 1033 E Irvine Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187663
Last Updated: 01/31/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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